Is it a good time to open long positions in Salesforce???IMO: for a better entry wait for it to close above the resistance level and gets out of he consolidation pattern..!
1CRM trade ideas
Salesforce.com Could Be Squeezing Toward a BreakoutSalesforce.com, like Amazon.com yesterday, has gone nowhere since spiking to new highs last summer. However now it’s showing signs of a breakout.
This chart includes the same custom Distance from MA script, showing that CRM traded 59 percent above its 200-day simple moving average (SMA) early last September. That last time it was that extended was 2006. However now it’s back to a much more typical reading below 10 percent.
Next, price action has been so quiet that Bollinger Band Width has slipped to its longer-term extreme around 5 percent. Also notice how the higher lows recently formed an ascending triangle that the cloud pioneer has escaped the last two sessions. These suggest price is ready to expand after compressing.
Additionally, the 50-day SMA is nearing a “Golden Cross” above the 200-day SMA.
Finally, consider the $250 level where CRM peaked in mid-February before knifing lower. Yesterday it challenged that area and registered its highest closing price since November 24. This suggests the market has come to accept the new price range.
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CRM - Time for Calls!After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels.
I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well.
With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65, indicating a possible short-term upside of 12.27%.
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crm break out over 248 Set stop to entry after getting filled. has a good r/r target around 251 . wont buy until over 248
Salesforce - Strong Buy!-Salesforce's (NYSE:CRM) stock recently popped after the cloud services company posted its earnings report for the first quarter of fiscal 2022. Its revenue rose 23% year-over-year to $5.96 billion, beating estimates by $70 million, and grew 20% on a constant currency basis.
-Its non-GAAP earnings increased 73% to $1.21 per share, which cleared expectations by $0.33, as its GAAP earnings more than quadrupled to $0.50 per share. Gains from its strategic investments boosted its non-GAAP and GAAP earnings by $0.24 and $0.23 per share, respectively.
-Salesforce's revenue growth accelerated from its 20% growth in the fourth quarter of fiscal 2021. It also surpassed its own guidance for about 21% growth, which had already been raised in the fourth quarter. Its revenue increased by the double digits across all four of its core businesses.
-Salesforce's operating cash flow jumped 76% year-over-year to $3.2 billion during the first quarter, while its free cash flow soared 99% to $3.1 billion. It usually generates its strongest cash flow growth in the fourth and first quarters, since that's when it usually collects its annual fees.
-Nonetheless, Salesforce's year-over-year growth remains robust, and indicates it can still easily fund new investments and acquisitions. Its cash, cash equivalents, and marketable securities climbed 53% year-over-year to $15 billion during the quarter.
CRM: Target $270 Will fluctuate between $245 and $250 level, f it breaks above $251 level next target is $270.
GL
CRM breaking out of downward wedgeCRM has broken its long term trendline after bouncing off prior longterm support and successfully retested the trendline. All the way up from here
CRM Continues UpToo far up too fast. Long above that channel. Under the hood factors look like it's a real move. Software tends to be inversely correlated with a sharp rise again in the ten year note yield. In the fall we might see another event like that.
CRM potential to 240-250 after ERCRM has been trading in a descending price channel for a while now. Expecting strong quarterly report in May and price rising to 240-250.
CRM FIBO BOUNCEprice at a previous support, with a 4TH unsuccessful attempt to break out. key fibo zone for bounces and above trend line of lower lows.
TP1 $ 233
tp2 $ 260
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CRM long the down trend line breakCRM earnings beat and guidance up recently causing the stock to gap up above the downtrend line , breaking it
retest it and seems to have buyer coming in Long the setup with a call option debit spread
Salesforce (CRM) - Breakout is ImminentWe have early signs of a breakout above previous swing high, combined with a bullish triangle pattern. Although this pattern is not yet confirmed, a H4 close above is likely to trigger a strong bullish move.
$CRM | Bull Flag Breakout: Watch For Upside Continuation$CRM broke out of a massive bull flag on the daily timeframe.
Price has already retested and bounced off of the flag structure.
Watch for continuation to the upside.
Initial Targets: $250, $265
CRM stocks on the way to ATH again?Hi every one
SALEFORCE
This the SALEFORCE.COM INC stocks. this company's central office is in san Francisco ,USA. recent reports of this company has been very Impressive! on the technical side we can see that the Price has been In a Descending channel for a few months. but now the price has managed to break this channel upwardly so there is a strong chance the price of the stocks would Increase from this Point. the price can easily Increase to It's ATH once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
Inverse Head and ShouldersCRM appears to be struggling big time at the neck line. 2 strikes so far.
Long entry level is a break of the neckline with an uptrend in tact.
Inverse head and shoulder bottoms usually do well in a bull market, but not so hot in a bear market.
Possible stop below 223.60 or last pivot low. or the lowest shoulder depending on how conservative you are with stops.
The top wicks on the 2 attempts to break the neckline are long with one resembling a shooting star. The bulls fought to get price to the top of the top wick, but the bear took took them to a price below the open that day which is the top of the body on a red candle. The top wick representing the high of the day and the bottom shadow/wick representing the low for the session.
No recommendation
Salesforce Inc - Q1 Results Supportive of Technical StructureSalesforce recently reported it's Q1 results with reported revenue of $5.96 billion up 23% from a year ago. The top-line figure came in ahead of both the company’s guidance range of $5.875 billion to $5.885 billion and the Street consensus at $5.89 billion.
According to Barron's, 'for the January 2022 fiscal year, the company sees revenue of $25.9 billion to $26 billion, with non-GAAP profits of $3.79 to $3.81 a share, ahead of the former Street consensus at $25.8 billion and $3.43. The company said the full year includes about $500 million in contributions from Slack Technologies. Salesforce expects its acquisition of Slack to close toward the “very end” of the fiscal second quarter.'
“We had the best first quarter in our company’s history,” CEO Marc Benioff said in a statement. “We’re on our path to reach $50 billion in revenue in FY 2026.”
Technically , the share has been in a multi-month downward channel, peaking at 284.50 in September 2020 however on the back of the earnings release, the share breached the channel which was followed by a back-test/re-test. We also note the share breaching the mid-point of a 'W' formation, further supporting a directional shift from neutral to moderately bullish.
The share is a buy provided $229 is held.
On the upside, the targets are the $252 to $263 range.
Last: $238.14
$CRM out of the channel$CRM broke the channel after earnings report, if you look at the daily chart you can see it retested the trend line and now is working on its way up. looking to enter with a small position over 238.50 for the long side and will add more is if goes over 141. Targets 141/143.50
CRM previous resistance held as supportCRM broke out of a trendline resistance and retested it as support. Watching price action for a day trade/swing trade.
